Letting Agent Increased rent without telling me

Guest101

Miss_Samantha wrote: »

Are your being serious?

The agent, who should act in your best interest, has increased the rent according to the local market and you aren't happy about it... Wow.

If the LL is happy with the tenant and knows they are on HB; and this may well lead the tenant to have difficulties and either move or accrue arrears - then surely the LL has every right to be annoyed.

Miss_Samantha

Guest101 wrote: »

this may well lead the tenant to have difficulties and either move or accrue arrears - then surely the LL has every right to be annoyed.

Then OP should enquire whether that level is affordable to the tenant.

If it is unaffordable at one point OP needs to decide whether he is in the business of subsidised housing.

But wording the question in a way that suggests he isn't happy that his agent is trying to maximise his profit is bonkers.

Marvel1

Miss_Samantha wrote: »

Are your being serious?

The agent, who should act in your best interest, has increased the rent according to the local market and you aren't happy about it... Wow.

Letting agent acting in their best interest lol more like theirs.

Not everyone is greedy.

G_M

You've got the result you sought. Well done.

If you do decide to change agents though, see

* New landlords: advice, information & links

* Letting agents: how should a landlord select or sack?

Crashy_Time

Miss_Samantha wrote: »

Then OP should enquire whether that level is affordable to the tenant.

If it is unaffordable at one point OP needs to decide whether he is in the business of subsidised housing.

But wording the question in a way that suggests he isn't happy that his agent is trying to maximise his profit is bonkers.

Landlords taking HB are being subsidised by the tax-payer, yes, so why risk losing that money teat because an agent needs to increase their fees, he will probably be taking the full HB allowance for that area already and surely the changes to regulation are going to make it hard enough for many landlords anyway without turning down free taxpayer money as well?

PersianCatLady

Miss_Samantha wrote: »

Then OP should enquire whether that level is affordable to the tenant.

If it is unaffordable at one point OP needs to decide whether he is in the business of subsidised housing.

But wording the question in a way that suggests he isn't happy that his agent is trying to maximise his profit is bonkers.

I totally disagree with you there.


Surely if this tenant cannot afford to pay the new rent she may decide to leave and then the LL could spend a lot more money trying to find a new tenant.

Miss_Samantha

PersianCatLady wrote: »

Surely if this tenant cannot afford to pay the new rent she may decide to leave and then the LL could spend a lot more money trying to find a new tenant.

It is untenable in the long term to keep a tenant who cannot pay market rent: The landlord is missing out month after month and the shortfall will only increase over time.

You need to do your sums and move accordingly.

How long would you stay in a job that underpays you until you decide to bite the bullet and leave?

Crashy_Time

Miss_Samantha wrote: »

It is untenable in the long term to keep a tenant who cannot pay market rent: The landlord is missing out month after month and the shortfall will only increase over time.

You need to do your sums and move accordingly.

How long would you stay in a job that underpays you until you decide to bite the bullet and leave?

HB is higher than market rent, why else would a landlord take HB?

Crashy_Time

If agents start trying to hike rent to cover their losses from other banned fees we could see voids for landlords, which will lead to more agents getting dumped by landlords, which will then lead to desperate agents pushing sellers to drop prices so they can get their hands on some sales commissions to cover their losses from banned fees and rental %, which will lead to deluded sellers eventually waking up or many more bust EA`s........win win really?:money:

[Deleted User]

Crashy_Time wrote: »

HB is higher than market rent, why else would a landlord take HB?

Where do you get this from Crashy? When my LL decided to sell and I tried to find a 3 bed in many areas where HLA matched or was above the actual rents being charged I found very few areas and very very few properties. If I did find one, it was very obvious why the rent was at LHA levels (tiny or badly maintained - and I mean really badly).